In 2002, W.H. Brakspear & Sons licensed the brewing of its beers to Refresh UK, owner of Wychwood Brewery, and the brewery ceased production and closed. The site was sold and part of it converted to a Hotel du Vin boutique hotel.

The now non-brewing Brakspear Pub Company and its estate of 104 pubs was bought in 2006 by pub chain JT Davies for £106 million; the 51 Davies pubs were rebranded as Brakspear.[4] After being brewed at Burtonwood, Cheshire, production of Brakspear beers was moved, along with some of the historic Henley brewing vessels, to Refresh's Wychwood Brewery in Witney, Oxfordshire. Refresh UK was subsequently bought out by Marston's.[5] reportedly for c.£10-11 million.

In spring 2013 Brakspear Pub Company made a limited return to brewing with the commissioning of The Bell Street Brewery in its Bull public house in Bell Street, Henley-on-Thames.[6]

Brakspear's beer is brewed using the traditional double drop fermentation method. This involves allowing fermentation to start in vessels on an upper floor, before 'dropping' into a second vessel below. This leaves tired or dead yeast and unwanted solids ('trub') behind and encourages a healthier fermentation. Refresh UK claimed that Brakspear beers possess a butterscotch flavour due to diacetyl produced through this method and their particular long-lived, multi-strain yeast. The yeast had "distant origins" at Mann, Crossman & Paulin in Mile End, London.[3]

When beer writer Michael Jackson visited in 1993, the barley was Maris Otter and water came from their own well, described as "chalk-hard".[3] Hops were Goldings from Kent, Hereford Fuggles and "Styrians".[3] Jackson thought the ordinary bitter the best in England, writing "In its delicate, malty sweetness, teasing, yeasty fruitiness, and hoppy bitterness, Brakspear's 'ordinary' is lightly refreshing, gently sociable, more-ish and appetite-arousing; the perfect combination in a bitter. The hoppiness is its salient feature".[3] John Mortimer in 1986 claimed "Brakspear's draft bitter is undoubtedly the best to be had in England".[7]

With the opening of The Bell Street Brewery in Henley-on-Thames in spring 2013 a number of beers are brewed including some sold using the Brakspear's beer brand name albeit with point of sale material also showing the brewing provenance as The Bell Street Brewery. Previous Brakspear's beer names Mild, Old Ale and Special have featured at various times, with Special being a regular product.

Brakspear's last head brewer, Peter Scholey, set up The Beer Counter as a "cuckoo brewery", overseeing the production of his own beers and others, including Coniston Bluebird, by hiring capacity at breweries such as The Beer Station/Hepworth's in Horsham, Sussex.

Other former Brakspear brewing staff are involved in a number of craft breweries: